Wilcox Frank 4

What Happened
Frank Wilcox, Chief Financial Officer of Universal Insurance Holdings, had 2,326 restricted stock units (RSUs vest) on March 19, 2026. The RSUs converted to 2,326 shares (acquired at $0 cost per the filing). To satisfy tax withholding, 567 of those shares were withheld/disposed at $32.89 each for a total withholding of $18,649, leaving a net delivery of about 1,759 shares. This is an award/vesting event with routine tax withholding rather than an open‑market purchase or sale.

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 20, 2026 (appears timely).
• Vesting/acquisition: 2,326 RSUs converted to 2,326 shares (derivative exercise/conversion, code M).
• Tax withholding/disposition: 567 shares withheld (code F) at $32.89/share for $18,649 (reported).
• Net shares delivered to insider: ~1,759 shares (2,326 vested minus 567 withheld).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 = shares withheld to satisfy tax withholding on RSU vesting; F2 = each RSU = one share; F3 = remaining RSUs vest 3/19/2027 (2,326) and 3/19/2028 (2,325).

Context
This was a routine RSU vesting and tax‑withholding transaction (often called a cashless settlement). The filing shows conversion of RSUs to shares and withholding to pay the tax obligation — not a market sale for investment purposes. Remaining RSU awards are scheduled to vest over the next two years per the footnotes.